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Home » News » Financial News

Financial News

Viking Line's bunker costs rise 3.6% in H1
17 Aug 2018 13:34 GMT
Finnish ferry operator spent EUR 24.1m on bunker fuel during the first half of the year.

Maersk profitability 'significantly impacted' by higher bunker costs
17 Aug 2018 10:06 GMT
EBITDA negatively affected by bunker price increases not being recovered via freight rates.

Done in a month: Mercuria takes 30% stake in Aegean as refinancing transaction is agreed
16 Aug 2018 14:14 GMT
Mercuria still also has the exclusive right to pursue a broader strategic partnership until January 31, 2019.

Higher bunker prices add EUR 4.1m to operating costs: Containerships Plc
16 Aug 2018 13:13 GMT
EBIT 'particularly affected' by increased fuel costs, says CEO... but it still managed to grow 45.2% in H1.

Earnings growth dampened by lag in recovery of higher bunker costs: DFDS
16 Aug 2018 09:34 GMT
Danish firm still manages 8.7% rise in EBITDA and $62m net profit.

Commercial product margin up 41.5% 'primarily' due to increased bunker activity: Global Partners
14 Aug 2018 10:29 GMT
Commercial arm's product margin jumped to $5.8m in Q2 - mainly thanks to marine fuel sales.

Aegean Marine gets extra 90 days to avoid note default
14 Aug 2018 07:41 GMT
Agrees to pay additional 0.5% on next interest payment... but gives 'no assurance' that the issue will be resolved in time.

Sing Fuels appoints finance and operations director
13 Aug 2018 09:28 GMT
Krish Srinivasan will head the firm's global finance and operations team from Singapore.

Wallenius opts for 'balanced' 2020 strategy with low-sulphur fuels and scrubbers
10 Aug 2018 16:27 GMT
Scrubber retrofits on 20 ships... but some set to miss IMO deadline with installations due to continue until 2022.

Hapag sees bunker use climb 0.5m tonnes as average fuel price soars $73
10 Aug 2018 12:18 GMT
Shipper consumed 2.2m tonnes of fuel in H1; average bunker price was 23.4% higher than last year.

NCL posts 9.9% rise in bunker costs as Q2 earnings climb to $226.7m
10 Aug 2018 10:08 GMT
Net income grows 14.2%; average bunker price up $12 to $481.

DHT expects to spend $55m on 12 scrubber retrofits
09 Aug 2018 17:08 GMT
'Confident' it will be able to finance most of the project; further scrubber installations not discounted.

Aegean announces three senior appointments and new management committee
09 Aug 2018 13:38 GMT
Names new COO, CFO and Global Director of Supply and Trading; former COO and CFO leave firm.

Bunker Holding sees 'controlled growth' as preferred long-term strategy
08 Aug 2018 08:35 GMT
CEO Keld Demant discusses the group's master plan for 2020 and beyond.

Eagle Bulk swings into profit despite higher bunker prices driving up voyage costs
08 Aug 2018 07:55 GMT
CEO says business model has now been validated over six consecutive quarters.

Finnlines announces bunker surcharge for Malmo-Travemunde route
02 Aug 2018 08:57 GMT
Baltic operator notes that its bunker fees have risen since the recent increase in fuel prices.

NYK pays 21% more for bunkers in Q1, posts losses
01 Aug 2018 00:23 GMT
Adjusts full-year bunker price forecast upwards.

K Line cites higher bunker costs as key reason for $173m loss
31 Jul 2018 13:17 GMT
Average bunker price paid jumped 27 percent in Q1.

Iino Lines posts profit growth; average bunker price jumps 21.7% YoY
31 Jul 2018 11:38 GMT
Q2 price prediction revised upwards by $50 compared to April forecast.

ONE records $120m loss as average fuel price is $24 higher than expected
31 Jul 2018 09:12 GMT
Boxship firm now predicting a $61 QoQ leap in marine fuel prices for the next three-month period.

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